Under the pact, Swift India Domestic Services will act as a channel for payments, cash management, trade finance and treasury transactions for Citi's corporate customers, the Citigroup said in a statement.
China`s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organisation SWIFT said on Wednesday.
Country's largest carmaker Maruti Suzuki India's on Wednesday announced crossing of the 25 lakh production milestone of its K-series petrol engine that powers popular models, including Alto K10, Celerio, Wagon R and Swift.
Undeterred by ongoing stand-off with its workers at the Manesar plant, Maruti Suzuki India expressed confidence that production constraints will have no impact on supplies for the festive season sales.
Maruti Suzuki is planning a medium term invement of Rs 6,000 crore, part of which will be utilised to build five vehicle stock yards in the country within one to two years, a senior executive said on Friday.